BUY SIDE

Nordea implements RPA service ahead of MiFID II

Nordea Asset Management works with Commcise to ensure unbundling compliance ahead of January deadline.

By Hayley McDowell hayley.mcdowell@strategic-i.com August 08, 2017 10:04 AM GMT

Nordea Asset Management has installed a commission management and research evaluation tool to support its research payment account (RPA) compliance ahead of MiFID II.

The asset manager opted for Commcise’s ‘CommciseBUY’ service, which provides an end-to-end and integrated tool for research unbundling.

Amrish Ganatra, CEO at Commcise, explained the firm has become a key partner for Nordea Asset Management in their commission management and research evaluation process.

“This project, delivered on time and within budget, is providing a single end-to-end, cloud based solution, with all the functionality required in a secure, cost effective manner,” he added.